Question: answer is not 35.4 Roundtree Software is going public using an auction IPU. The firm has received the following bids: Price ($) Number of Shares
Roundtree Software is going public using an auction IPU. The firm has received the following bids: Price ($) Number of Shares 14.00 140,000 13.80 260,000 13.60 580,000 13,40 1,150,000 13.20 1,240,000 13.00 860,000 12.80 420.000 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtroe decides to issue an extra 529,000 shares (for a total of 2,620,000 shares), how much total money will it raise? Roundtree will raise a total amount of $ 35,4 million (Round to one decimal place)
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